Life relates to trading and trading relates to life. Constantly revealing, unfolding before us as we trade and live, so I write about how my life relates to trading and how I trade the markets. Along the way I share my opinions on anything that evokes my passion or tickles my funny bone trying not to forget that enjoying life is the best part of living.

Thursday, August 28, 2014

Small Studies for Trading and Life ~ $AAPL

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*****On Thursday, $AAPL continued to test the upper trend-line. after a brief test to the first support line on Tuesday. Now, as you can see on the chart below, AAPL is testing above the top channel trend-line but still closing below. Although it's hitting new highs, it's showing some hesitation on part of new buyers here. I call it the trader killer, scalper promise. Scalpers are the ones who taunt those who don't wish to miss out on the next big break. These can be false breakouts, programmed or not, testing how far others will follow. In addition, those who wish to take some profit will take advantage of the new highs. Therefore, those who enter and hold can be killed on a reverse so it's a bigger gamble.

Although it may take days or weeks, eventually these patterns give in and reverse before breaking out again, so it now behooves a trader to practice patience until the next pullback is finished. To help you with patience, just keep the chart below in mind; I can count 3 pullbacks just in the past 3 months.

About Me

a posse ad esse or from being able, to being

In trading as in living, We must see the possible in order to create the actual. Through a maze of charts, indicators and endless outlook chatter, we must create our own vision and from that actualize our possibilities. In short, create and realize our dreams.
With my experience and ability to visualize, I can help you realize yours.
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DISCLAIMER

Day Trading with Anni is a blog and website intended for education, entertainment and information only. The content provided herein is not to be construed as recommendations to buy or sell stocks of any kind. They are simply the opinions of the author. It is possible that the editor of this blog may own, buy, or sell stocks presented. All readers, traders, or investors should consult a qualified professional before trading any stock. The author is not an investment advisor. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts made by the author are committed at the reader's own risk, financial or otherwise.That said, all content is under copyright by the author.